Post Utme Afe Babalola University 2022 Accounting Question 39

Practice objective / multiple choice question 39 from the 2022 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2022 Accounting Objective / Multiple Choice
Question 39 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2022 • ACCOUNTING • objective

A company issued 5,000 shares of ₦5 each at a premium of ₦2. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦25,000
B. ₦30,000
Correct Answer C. ₦35,000
D. ₦40,000
Correct Answer
C
Correct Option:
₦35,000

About This Question

This is Post Utme Afe Babalola University 2022 Accounting Question 39. It is one of the objective questions from the 2022 Post Utme Afe Babalola University Accounting examination.

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